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2634 W Kristina Avenue Queen Creek, AZ 85142

3 Beds 2 Baths 1,411 sqft Built 2008

$350,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $248.05
  • 2 Days on Market
  • MLS # : 6176447
  • Updated Date : 01/03/2021 at 02:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,411 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Incredible, freshly remodeled 3 Bedroom 2 Bath single story home with a Heated pool. Tile floors where needed and new carpet in all the bedrooms 9+ foot ceilings, and neutral color palette.Eat in Kitchen features new custom cabinets all black appliances, and the stunning back splash accents the quartz countertops. Bedrooms are all generous in size with ample closet space. The master bedroom boasts a walk in closet and French doors leading to an extended covered patio overlooking sparkling blue heated pool. Enjoy the well thought out exterior entertaining area with bar seating and built in BBQ all protected from the sun with a shade fabric covered pergola. Perfect for all your special gatherings. Easy to maintain landscaping front and back!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85142

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 85142

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9801981

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
San Tan Heights Elementary School Primary Regular 583 33 2
Mountain Vista Middle School Middle Regular 331 16 1
San Tan Foothills High School High Regular 521 27 2

San Tan Heights Elementary School

  • Education Level: Primary
  • # of students: 583
  • # of teachers: 33
2
GreatSchools Rating

Mountain Vista Middle School

  • Education Level: Middle
  • # of students: 331
  • # of teachers: 16
1
GreatSchools Rating

San Tan Foothills High School

  • Education Level: High
  • # of students: 521
  • # of teachers: 27
2
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$1,291
Property Tax -$174
Property Insurance -$55
HOA -$25
Property Management Fees -$99
CASH FLOW
-$144

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$350,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$12,759

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,358

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2003$1,2954$1,4705$1,625
$1,625
RENT COMPS ANALYSIS
  • 2634 W Kristina Avenue Queen Creek, AZ 1
    • 3 beds 2 baths ∙ 1,411 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,411 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2620 W Kristina Avenue Queen Creek, AZ 2
    • 3 beds 2 baths ∙ 1,277 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,277 Sqft ∙ Built 2008
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.94
    •  
  • 2210 W Kristina Avenue Queen Creek, AZ 3
    • 4 beds 2 baths ∙ 1,465 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,465 Sqft ∙ Built 2006
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.88
    •  
  • 2282 W Kristina Avenue Queen Creek, AZ 4
    • 4 beds 2 baths ∙ 1,465 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,465 Sqft ∙ Built 2007
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $1.00
    •  
  • 3883 W Maggie Drive Queen Creek, AZ 5
    • 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 2017
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.03
    •  
PROPERTY LISTING DETAILS
Karl Gordon Winchester
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176447
Last Updated: 01/03/2021
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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